CBRE: prime office occupancy costs in Washington DC rise by 8.1% in year to September 2015

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In its latest review of global prime occupancy costs, ‘Office space gets pricier as global economy edges up’, CBRE noted that Downtown Washington DC was in 14th position in its ranking of centres by increases in local currency occupancy costs. Occupancy costs in Downtown Washington DC increased by 8.1%. With September 2015 occupancy costs of US$94.73 per square foot per annum, Downtown Washington DC was by that measure the 17th most expensive centre overall. Downtown Washington DC rose by six places in CBRE’s ranking of the most expensive centres over the six months to September 2015.

Source : CBRE/ February 2016/Washington DC/OFF